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Don't miss this rare investment opportunity in the heart of downtown New Port Richey. This well-maintained duplex features two separate units, each with private entrances, individual driveways, and updated interiors, offering strong rental income with future upside. The roof was replaced in 2018, and the entire exterior was freshly painted in 2024. Unit 5718 features a remodeled kitchen, updated bathroom, fireplace, and a spacious Florida room. It currently functions as a large studio but can easily be converted into a one-bedroom layout. Tenant in place paying $1,000/month. Unit 5716 is a cozy studio with a recently remodeled bathroom and a private entrance off Washington Street. Tenant in place paying $900/month. Shared amenities include an exterior laundry area with washer and dryer (not coin-operated) and a large fenced yard. Both units have never experienced interior flooding. Tenants are on month-to-month leases, providing flexibility for future rental increases, repositioning, or redevelopment. Current gross annual rental income is $22,800. The property is ideally located just steps from downtown New Port Richey's shops, restaurants, Sims Park, local festivals, and the scenic riverfront. Easy access to US-19 and the Suncoast Parkway makes commuting simple, and Gulf beaches are only a short drive away. This income-producing property offers immediate cash flow with long-term potential in one of Pasco County's most walkable and desirable areas. Schedule your private showing today.
| DAYS ON MARKET | 297 | LAST UPDATED | 3/5/2026 |
|---|---|---|---|
| TRACT | KINNEY SUB | YEAR BUILT | 1948 |
| COMMUNITY | 34652 - New Port Richey | COUNTY | Pasco |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| Elementary School | Richey Elementary School |
|---|---|
| Jr. High School | Gulf Middle-PO |
| High School | Gulf High-PO |
| PRICE HISTORY | |
| Prior to Jun 25, '25 | $250,000 |
|---|---|
| Jun 25, '25 - Jul 6, '25 | $240,000 |
| Jul 6, '25 - Jul 14, '25 | $239,000 |
| Jul 14, '25 - Jul 16, '25 | $225,000 |
| Jul 16, '25 - Aug 12, '25 | $223,000 |
| Aug 12, '25 - Sep 4, '25 | $213,000 |
| Sep 4, '25 - Oct 26, '25 | $210,000 |
| Oct 26, '25 - Nov 11, '25 | $205,000 |
| Nov 11, '25 - Jan 13, '26 | $202,000 |
| Jan 13, '26 - Feb 13, '26 | $200,000 |
| Feb 13, '26 - Today | $195,000 |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dryer, Electric Water Heater, Range, Refrigerator, Washer |
| AREA | 34652 - New Port Richey |
| BASEMENT | Crawl Space |
| CONSTRUCTION | Block, Frame |
| FIREPLACE | Yes |
| HEAT | Central |
| INTERIOR | Open Floorplan |
| LOT | 9148 sq ft |
| LOT DESCRIPTION | Corner Lot, Paved |
| SEWER | Public Sewer |
| SUBDIVISION | KINNEY SUB |
| TAXES | 3472.1 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Kim Doukas, CHARLES RUTENBERG REALTY INC, 866-580-6402
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 3/19/26 11:17 PM PDT.
This IDX solution is (c) Diverse Solutions 2026.